LIVERMORE, Calif. – June 20, 2023 – Monarch Tractor, maker of the MK-V, the fully electric, driver-optional, connected tractor, today announces the expansion of its operations in Singapore, signaling major growth and appetite for the company’s A.I., robotics and smart farming technology within the Asia Pacific region (APAC). Building off of its existing Singapore presence and successful expansion into Hyderabad, India, earlier this year, Monarch Tractor will move to develop the next generation of data scientists, machine learning engineers and A.I. practitioners by partnering with government agencies and academic institutions to grow their A.I. research & development team.
“After our early success in Singapore with the development of our ‘Monarch Auto Drive’ tractor operation, we’re excited to continue to evolve our technology with the help of Singapore’s finest talent,” said Praveen Penmetsa, Co-Founder & CEO, Monarch Tractor. “In partnership with the Singapore government, Monarch Tractor is able to provide more job opportunities and also propel our mission for a greener future. More than ever, farmers, government bodies and consumers are looking for more viable options to sustain our planet.”
Building upon Singapore’s early success to develop the MK-V’s driverless capabilities, Monarch’s expansion and development of new talent will work to create automation capabilities that extend to full farm operations leading to the enablement of profitable and sustainable agricultural practices within the region and globally.
As almost 25 percent of global GHG emissions result from agriculture, this strategic expansion will champion and enable large-scale emissions reductions that support Singapore’s Green Plan 2030, including the country’s aspiration to become net-zero by 2050. Monarch is currently hiring talent throughout Singapore to support and develop cutting-edge A.I. robotics technology – creating a smarter, greener and safer farming industry.
Following its launch in 2020, Monarch Tractor has continued to revolutionize the agriculture industry at a global scale through innovative electric and autonomous capabilities. Moving to bring AI to farmer’s fingertips, the company has captured the attention of other major sustainable-focused countries within APAC including New Zealand, where Monarch delivered the first-ever electric tractor to the NZ0 farm.
About Monarch Tractor
Founded in 2018, Monarch Tractor’s Founder Series MK-V is the world’s first fully electric, driver-optional, connected tractor set to enhance farmers’ existing operations, alleviate labor shortages, and maximize yields. Monarch Tractor is committed to elevating farming practices to enable clean, efficient, and economically viable solutions for today’s farmers and the generations of farmers to come. With cutting-edge technology, global reach, and an experienced team, Monarch is delivering meaningful change for the future of farming.
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